H.B. Fuller (FUL) Set to Announce Quarterly Earnings on Wednesday

H.B. Fuller (NYSE:FUL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, June 26th. Analysts expect H.B. Fuller to post earnings of $1.04 per share for the quarter. H.B. Fuller has set its FY24 guidance at $4.15-4.45 EPS and its FY 2024 guidance at 4.150-4.450 EPS.Parties that wish to register for the company’s conference call can do so using this link.

H.B. Fuller (NYSE:FUL) last issued its quarterly earnings results on Wednesday, March 27th. The specialty chemicals company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.03. H.B. Fuller had a return on equity of 12.88% and a net margin of 4.39%. The company had revenue of $810.42 million during the quarter, compared to the consensus estimate of $823.04 million. During the same period in the previous year, the firm posted $0.55 EPS. H.B. Fuller’s revenue was up .2% on a year-over-year basis. On average, analysts expect H.B. Fuller to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

H.B. Fuller Price Performance

FUL stock opened at $78.01 on Monday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.24 and a beta of 1.48. The company has a quick ratio of 1.23, a current ratio of 1.99 and a debt-to-equity ratio of 1.03. H.B. Fuller has a 52-week low of $62.62 and a 52-week high of $84.31. The stock’s fifty day simple moving average is $77.92 and its 200-day simple moving average is $78.53.

H.B. Fuller Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 9th. Shareholders of record on Thursday, April 25th were paid a $0.222 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 1.14%. This is a positive change from H.B. Fuller’s previous quarterly dividend of $0.21. The ex-dividend date was Wednesday, April 24th. H.B. Fuller’s dividend payout ratio (DPR) is presently 32.36%.

Insider Transactions at H.B. Fuller

In other H.B. Fuller news, EVP James J. East sold 22,316 shares of H.B. Fuller stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $78.27, for a total transaction of $1,746,673.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP James J. East sold 22,316 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $78.27, for a total value of $1,746,673.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Zhiwei Cai sold 4,645 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $75.15, for a total value of $349,071.75. Following the transaction, the executive vice president now owns 30,663 shares in the company, valued at approximately $2,304,324.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,253 shares of company stock worth $2,669,188. 1.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Vertical Research assumed coverage on shares of H.B. Fuller in a research note on Tuesday, March 19th. They set a “buy” rating and a $88.00 price objective for the company. Robert W. Baird upped their price target on shares of H.B. Fuller from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $86.20.

H.B. Fuller Company Profile

H.B. Fuller Company, together with its subsidiaries, formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene, Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives.